Sarasota real estate market stats for December
Sarasota buyers need more homes
Covid no longer an issue for Sarasota real estate, especially for sellers. Mortgage rates and inventory remain low, while prices are up and multiple offers are common place. If you are thinking about selling your Sarasota property, now is a great time. We are in a sellers market. Most realtors have buyers right now that…
Bayso ~ A new Downtown Sarasota condo in the Quay Sarasota
I recently attended a ZOOM soft opening for Bayso – Kolter’s latest luxury condominium project. {Kolter recently finished the Mark in downtown Sarasota and of course the VUE}. Bayso will be Sarasota’s newest 18 story 149 luxury resident condominium tower. It will have contemporary clean lines , lots of glass and amenities one can expect…
Sarasota news you can use – Covid 19 update
The State of Florida with a population of almost 22 million has done better than most expected. The total number of Covid 19 cases in the state is now 32,846 with 1,171 deaths as of April 28. Sarasota County which includes North Port, Englewood,Venice, Osprey, Nokomis, Siesta Key, Sarasota and Longboat Key has an estimated…
Sarasota golf course communities – $130,000 price reduction in Founders Club
Huge price reduction in the Founders Club ! This beautiful home is the lowest price per square foot in the Founders. Sellers have relocated. It is a great opportunity. To view this home –Call us at 941-993-3160 or email PatrickDoherty@MichaelSaunders.com Click here for more photos of 3260 Founders Club Dr.
Sarasota real estate update ~ News you can use
More Inventory Means More Choices for Buyers Per the latest Florida/Realtor magazine, the combined inventory of single-family homes and condo’s in the Sarasota & Manatee Counties reached 8,557 at the end of February…that’s the highest number since April of 2012…just shy of 5 years. Supply of single family homes for sale in Sarasota rose…
Median Prices Continue to Rise in Sarasota and Manatee counties.
The latest Sarasota/ Manatee Realtor Magazine is out and the stats are in for June. For both counties, be it single family homes or condominiums, prices are on the rise. Median sales for single family homes are up 7.8% in Sarasota County while Manatee has enjoyed an even larger increase of 12.4%. As for condominiums,…
What does the new FIRPTA mean to you
New FIRPTA Changes for Foreign Sellers !! Maureen and I just represented two Canadians who sold their Palmer Ranch home in Villagewalk . Although they loved their unit, and Sarasota, they basically sold to reap the huge currency exchange gains. This couple purchased in 2010 for $215,000 when the US dollar and Canadian dollar were…
TRID New Closing and Mortgage Rules in Effect!
Across the country ( not just Florida !) lenders, title companies and consumers must now adhere to new Federal Government mandated real estate closing guidelines called TRID (TILA-RESPA Integrated Disclosure). With little media exposure, and little fanfare, the following is now the new normal as at October 3/15… **Good Faith Estimates and Truth-in-Lending statements are…
Do you have questions about Renting Out Your Vacation Home ?
Many of our clients rent out their Sarasota properties to help cover expenses and to benefit from some tax breaks. But to get those tax breaks, owners should be careful. Basically the IRS treats your beachfront villa as either a residential property or a rental property. A residential property is one you personally use either…
